Fair competition and data analysis as intellectual property
Platforms spend significant resources to create the processes and infrastructure to properly analyse data. It is therefore worth noting that the collection and analysis of data is not a cost-free exercise, and that processed data is the intellectual property of a company. As a consequence, a platform should not be legally required to share its business-related data with any third parties.
When participating in voluntary data sharing schemes, regulators and operators must ensure the highest data protection standards, in line with intellectual property legislation, at all stages of the process. The protection of sensitive business data is crucial for business operations. If aggregated and publicly unveiled, such data could reveal information about a company’s business model and could impede competition.